If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.

If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.

No 27-year-old has the experience to run a company that does a quarter of a billion dollars a year in sales.

In 1844, there was a balance of perhaps of a couple of thousand dollars on the cr side.

We know that the global problem is probably $600 billion or more in magnitude, of which China represents 60 percent of the global problem. It's being manufactured in China, counterfeiting and piracy. It's being exported around the world and certainly into the U.S. market, so the U.S. companies are very concerned.

We're looking at $13 billion in capital investment over the next decade.